📊 Technical analysis of the asset HMSTR/USDT (12H) $HMSTR
Figure on the chart:
A symmetrical triangle is forming ⚠️.
The price is at the lower boundary of the triangle with a risk of breaking down.
Key support zone: $0.0025–$0.0027. If the price breaks this area, further pullback to $0.0013–$0.0015 is possible 🟥.
Technical indicators:
Ichimoku Cloud: Price is below the cloud, confirming a bearish market sentiment ☁️🐻.
Bollinger Bands: The bands are narrowing, indicating a decrease in volatility. The potential for an impulsive move is high 🚀.
EMA and MA: Moving averages show a bearish trend, the price is below all key MAs.
Parabolic SAR: Indicator points above the candles — signal for continued downward movement.
Volumes:
Trading volumes remain low 📉, indicating a lack of buyer interest.
A breakout with increased volume may confirm the chosen direction 📈.
Likely scenarios:
Bearish 🐻: Break of support at $0.0025 with a target at $0.0015–$0.0013.
Bullish 🐂: If buyers hold the current level, a return to the upper boundary of the triangle around $0.0042 is possible. Breaking this zone could open the way to $0.0049–$0.005.
Network activity 🔎:
Checking activity on BscScan shows a low number of new holders and transactions.
To activate bullish potential, an increase in network activity and attracting new investors is required.
Conclusion 📝:
Analysis shows weakness at current levels, but the formation of the triangle gives a chance for an impulsive move in either direction. Watch the support levels at $0.0025 and resistance at $0.0042. A downward break is likely to lead to a pullback, while for the bullish scenario, holding current levels and increasing volumes is necessary.
🔔 Recommendation: Keep the situation under control and monitor the breakout of key levels! 🚨
⚠️ Not financial advice. Make your conclusions based on deeper analysis.